The post Ethereum Contract Open Interest Surges to 1,558,454 ETH as Long Positions Dominate appeared on BitcoinEthereumNews.com.

According to the latest data from the Binance Futures platform, published on January 22nd, the **open interest** for Ethereum contracts has surged to an impressive **1,558,454 ETH**. This noteworthy figure indicates heightened market participation, particularly among large traders. The analysis reveals a **long/short ratio** of 6.15 based on account numbers, reflecting an **86.01%** inclination toward long positions compared to **13.99%** for short positions. Furthermore, when examining the long/short ratio from the perspective of open interest, the figures stand at 6.04, with **85.79%** of large traders opting to go long while **14.21%** short. Additionally, the overall long/short ratio, calculated from the number of traders, is recorded at **4.70**, showcasing a dominant bullish sentiment within the market. These insights underscore the evolving dynamics in **Ethereum trading**, a vital area of focus for investors and analysts alike. Source: https://en.coinotag.com/breakingnews/ethereum-contract-open-interest-surges-to-1558454-eth-as-long-positions-dominate/

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Filed under: News - @ January 22, 2025 5:11 am